Brent crude trades near two-month low as Libya output recovers

Brent traded near its lowest closing level in two months following the first increase since March in oil supply from Libya, holder of Africa’s biggest reserves.

Futures were little changed in London after declining for the past two days. Libya tripled output to about 650,000 barrels a day in the three weeks to Jan. 13 after talks with protesters enabled the restart of Sharara, its second-biggest field, earlier this month, according to the government. West Texas Intermediate fluctuated amid speculation U.S. crude stockpiles declined for a seventh week.

“Investors have turned back to fairly comfortable long term fundamental prospects, partly because of a modest recovery in Libyan supplies recently,” said Andrey Kryuchenkov, an analyst at VTB Capital in London. “Today, market participants will pay close attention to the U.S. weekly fuel inventory numbers.”

So, you want to work in the oil & gas industry?

As with any career, are you willing to do what it takes?  This could mean relocating your life/family to another country or by taking a much lower paid position or entry level and working your way up.  If you want to be the better candidate, are you willing to invest in yourself?  If you’re not, why should anyone else.

If you don’t have any work experience within the oil and gas industry another way to gain experience is through education.  There are many Universities, Colleges and Training Providers who offer excellent courses relating to the oil and gas industry.  Visit our  web page  www.bullmate.com for further information.

After maths and English, the most common requirement to work in the oil and gas industry is to hold qualifications in science subjects.  You will also need the desirable skills to match the job type you wish to do.

Working in the oil and gas industry can lead to an exciting variety of career paths.  You need to draw up a list of potential jobs that interest you.  You then need to do some research around the skills and qualifications required.  

Attend networking events and make sure your CV/Resume is up to date.  The more industry related people you meet, the greater your chances are of securing the role you want through them.  First impressions count, so make sure you show them that you are passionate and demonstrate your expertise.

Follow up with your new connections.  Perhaps they asked for your CV/Resume?  You should tailor your CV/Resume to the company and position you are interested in.  Always thank those you meet for the time they took to speak with you – this will also keep you fresh in their minds for any upcoming jobs.

Stable power soon, say Makoju, others

Nigeria will enjoy stable power supply soon as power firms are adopting measures to address the sector’s problems , experts have said. In an interview in Lagos, they raised hopes that things would be over soon.

Joseph Makoju, a former Managing Director of the Power Holding Company of Nigeria (PHCN), said the prospects for fresh investments, new technology and expertise of the new owners represented hope that the power challenges would be over soon.

He said the gains of the reforms would soon be made known to Nigerians, giving the commitment shown by the government and the private investors.

“I believe the future is bright for the sector. I see a lot of opportunities for uninterrupted power supply, capacity building and employment prospects for Nigerians in the long run,”’ he said

He called for patience and understanding from Nigerians as the investors embark rehabilitation, upgrade and deployment of robust infrastructure.

Hope dims on fuel import reduction

With the initial planned privatisation of the nation’s four refineries, many watchers of the downstream sector, involving refining and distribution of petroleum products had expected a significant reduction in fuel importation. UDEME AKPAN reports that the continuous importation will have adverse effect on the economy following President Goodluck Jonathan’s reversal of the policy.

It was the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke that first confirmed that the nation’s four refineries with 445,000 barrels per day, bpd capacity would be privatised this year. In an interview with Bloomberg TV Africa in London last November, She stated, “We would like to see major infrastructural entities such as refineries moving out of government hands into the private sector. Government does not want to be in the business of running major infrastructure entities and we haven’t done a very good job at it over all these years.

How to stop gas flaring, by NLNG

For Nigeria to eliminate gas flaring, the government must put in place adequate security measures for assets and personnel. It must also enforce operational best practices, Senior Business Strategy and Performance Analyst, Nigeria Liquefied and Natural Gas Limited (NLNG), Ezekiel Adesina, said in Lagos.
He said there was need for new partnerships in gas flaring reduction initiatives and commitment by the government to investment, adding that technology is a vital tool in monetising stranded gas and reducing flaring.
The country, he said, would require partnership from foreign investors and also employ public-private partnership (PPP) initiative to achieve both technical capability and financial support for zero flaring.
He said in 2000, gas flaring was 38 per cent in terms of volume while in 2012, it was 11 per cent, which showed that Nigeria has taken off 27 per cent of stranded gas that had been put into utilisation. He said that within the period, a lot of improvement had been made in reducing gas flaring in the country.
He noted that if the right regulatory framework and fiscal policies were put in place, Nigeria would have zero flaring in the next couple of years. Other factors to be considered, he said, include the issue of viability and commerciality of the gas as well as unbundling the value chain in the sector. This, he said, would give room for many players to come into the sector. It would also help to ensure that the stranded gas are captured and commercialised.

FG, IOCs to resume negotiation for 20 year-oil leases renewal

The Federal Government will resume negotiation with Shell, Chevron, Total and Eni (Agip) for the renewal of 20 year oil leases for each of the international oil companies (IOCs) soon, Daily Independent gathered at the weekend.
The newspaper had exclusively reported penultimate Monday, how hope of securing renewal by these oil companies in 2013 was dashed, five years after the expiration of the licenses, noting that the negotiations between government and these four majors have been moved to 2014 after recurrent deadlocks.
A source close to the previous negotiations told our correspondent also at the weekend that the parties are to go back to the negotiation table soon.
“Each of the IOCs you mentioned is meeting separately with the representatives of the government and what we know is that the parties are meeting very soon,” he said.

HOW TO OVERCOME PERFECTIONISM: Part 2 -

Tools to Overcome Perfectionism - Tool 1

1. Realistic thinking

 Because adults with perfectionism are often very critical of themselves, one of the most effective ways to overcome perfectionism is to replace self-critical or perfectionistic thoughts with more realistic and helpful statements. It is a good idea to practice these helpful statements regularly. Even if you do not believe them right away, enough repetition will turn positive realistic thoughts into a habit, and help crowd out the negative self-talk. Some examples of positive realistic statements

a.  “Nobody is perfect!”

b.  “All I can do is my best!”

c.“Making a mistake does not mean I’m stupid or a failure. It only means that I am like everyone else – human. Everyone makes mistakes!”

d.  “It’s okay not to be pleasant all the time. Everyone has a bad day sometime.”

e.  “It’s okay if some people don’t like me. No one is liked by everyone!”

Oil and Gas Jobs:Sr. project Co-coordinator- Urgent

• Industry: Oil/Gas/Petroleum
• Career: Mid Career
• Job Location: Abu Dhabi
• Salary: Unspecified
• Experience: 10 - 15 Years
• Job Type: Project Based
• Gender: Any
• Contact No.: 0559024652
• Email Address: prasad.guru123@hotmail.com
• Street: Musafah
• City: Abu Dhabi
• Listed: January 11, 2014 4:41 pm
• Expires: 28 days, 14 hours
•  

  Description

  One of the leading Recruitment Service in the GCC, is looking for highly qualified and experienced top notch professionals in Oil & Gas project nearly 10-15 years experience, Please apply in confidence with your recent updated resume to prasad.guru123@hotmail.com and only shortlisted candidates will be contacted.

Oil and Gas Jobs: Production Coordinator -Dubai Urgent

• Industry: Oil/Gas/Petroleum
• Career: Mid Career
• Job Location: Abu Dhabi
• Salary: Unspecified
• Experience: 10 - 15 Years
• Job Type: Full Time
• Gender: Any
• Contact No.: 0559024652
• Email Address: prasad.guru123@hotmail.com
• Street: Musafah
• City: Abu Dhabi
• Listed: January 11, 2014 4:42 pm
•  Expires: 28 days, 15 hours

 One of the leading Recruitment Service in the GCC, is looking for highly qualified and experienced top notch professionals in Oil & Gas project nearly 10-15 years experience, Please apply in confidence with your recent updated resume to prasad.guru123@hotmail.com and only shortlisted candidates will be contacted.

Petroleum Ministry allocates N2.4 billion for water pollution control

The Ministry of Petroleum Resources will this year spend N2.378 billion on water pollution prevention and control.

This is part of the details of the 2014 budget recently laid before the National Assembly by the Minister of Finance, Ngozi Okonjo-Iweala.

The water pollution prevention project is located under what the ministry tagged “Preservation of the Environment.”

The budget proposal also shows that the ministry is going to spend N800 million on hydrocarbon pollution restoration project and another N600 million on facilities for technical/administrative cooperation with international bodies on oil and gas development and utilization.

These are apart from the N110.572 million set aside for facilities and equipment for monitoring and evaluation as well as another N57 million earmarked for the implementation of petroleum statistics collaboration, auditing and operationalisation, programmes of the compendium.

These are to be funded by the total N4.121 billion allocated to the ministry in the 2014 budget proposal.